Honeywell Aerospace reports $4.64B revenue

Cover page 2 changes

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For the quarterly period ended June 27, September 26, 2026

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There were 316,952,725 317,031,836 shares of Common Stock outstanding as of July 25, September 26, 2026.

Forward-looking statements 3 changes

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changes in the price and availability of raw materials that we use to produce our products, including the ability of suppliers to meet quality and delivery requirements and our ability to reduce the impact of such disruptions;

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changes in demand for our products and services, including economic or other conditions in the commercial aerospace, business aviation, and defense and space markets, such as changed buying patterns of aftermarket parts, supplier stability, factory transitions, and global supply constraints;

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Our SEC filings, including our Information Statement, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any amendments to those reports, are available free of charge on our Investor Relations website (investor.honeywellaerospace.com) immediately after they are filed with, or furnished to, the SEC. Honeywell Aerospace uses We use our Investor Relations website, together with its our Newsroom website (www.honeywellaerospace.com/us/en/company/newsroom), as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our pres s releases, SEC filings, public conference calls, and webcasts. Information contained on or accessible through, including any reports available on, our website is not a part of, and is not incorporated by reference into, this Quarterly Report on Form 10-Q or any other report or document we file with the SEC. Any reference to our website in this Form 10-Q is intended to be an inactive textual reference only.

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Financial statements 376 changes

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June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025

CONDENSED COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(Dollars in millions, except per share amounts)

Three Months Ended Six Nine Months Ended

September 26, 2026 September 27, 2025 September 26, 2026 September 27, 2025

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Interest and other financial charges 200 229

Interest expense (income), net 187 ( 5 ) 404 ( 14 )

Other (income) expense, net

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Earnings per share of common stock basic $ 2.29 $ 2.03 $ 5.07 $ 7.15

Earnings per share of common stock diluted $ 2.29 $ 2.03 $ 5.06 $ 7.15

The Notes to the Condensed Combined Consolidated Financial Statements are an integral part of this statement.

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CONDENSED COMBINED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

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June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025

Net income $ 256 $ 852 $ 898 $ 1,638

Three Months Ended Six Nine Months Ended

September 26, 2026 September 27, 2025 September 26, 2026 September 27, 2025

Net income $ 737 $ 654 $ 1,635 $ 2,292

Other comprehensive income (loss) income, net of tax

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Total other comprehensive income (loss) income, net of tax

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Less: Comprehensive income attributable to noncontrolling interests 11 10 8 18 17 29 27

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The Notes to the Condensed Combined Consolidated Financial Statements are an integral part of this statement.

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CONDENSED COMBINED CONSOLIDATED BALANCE SHEETS (Unaudited)

(Dollars in millions, except per share amounts)

June 27, September 26, 2026 December 31, 2025

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Accounts receivable, less allowances of $ 40 54 and $ 33 , respectively

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Goodwill 3,014 3,035 3,025

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Deferred tax assets 72 412

Pension assets 3,039 13

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Other liabilities 1,587 1,517

Long-term debt 15,849 15,853 4

Contract liabilities 1,107 1,075 1,091

Deferred tax liabilities 679 61

Other liabilities 1,514 1,456

Preferred stock, par value $ 0.01 per share; 40.0 million shares authorized; no shares issued and outstanding

Common stock, par value $ 0.01 per share; 1.0 billion shares authorized; 317.0 million shares issued and outstanding as of September 26, 2026; no shares issued and outstanding as of December 31, 2025

Additional paid-in capital 29

Accumulated deficit ( 1,804 )

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Accumulated other comprehensive loss ( 210 800 ) ( 210 )

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Noncontrolling interests 74 97

Noncontrolling interests 83 97

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The Notes to the Condensed Combined Consolidated Financial Statements are an integral part of this statement.

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CONDENSED COMBINED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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June 27, 2026 June 28, 2025

September 26, 2026 September 27, 2025

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Net income $ 898 $ 1,638

Net income $ 1,635 $ 2,292

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Depreciation 145 134

Depreciation 214 204

Pension (income) expense ( 72 ) 4

Stock compensation expense 61 46 89 62

Deferred income taxes 36 ( 129 8 ) ( 186 )

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Inventories ( 165 ) ( 267 )

Inventories ( 323 ) ( 262 )

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Capital expenditures ( 260 ) ( 234 )

Capital expenditures ( 428 ) ( 372 )

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Net transfers to Parent ( 15,087 15,080 ) ( 602 1,224 )

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Effect of foreign exchange rate changes on cash and cash equivalents ( 25 23 ) 19

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The Notes to the Condensed Combined Consolidated Financial Statements are an integral part of this statement.

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(Dollars in millions)

Balance as of March 29, 2025 $ 9,868 $ ( 285 ) $ 99 $ 9,682

Net income 844 8 852

Foreign exchange translation adjustment 55 55

Changes in fair value of cash flow hedges 2 2

Dividends to noncontrolling interests ( 14 ) ( 14 )

Net transfers to Parent ( 599 ) ( 599 )

CONDENSED COMBINED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited)

(Dollars and shares in millions)

Shares Amount Additional Paid-in Capital Net Parent Investment Accumulated Deficit Accumulated Other Comprehensive Loss Noncontrolling Interests Total Equity (Deficit)

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Balance as of March 28, 2026 $ ( 5,447 ) $ ( 171 ) $ 104 $ ( 5,514 )

Net income 246 10 256

Foreign exchange translation adjustment ( 38 ) ( 38 )

Changes in fair value of cash flow hedges ( 1 ) ( 1 )

Net income 644 10 654

Other comprehensive income 1 1

Dividends to noncontrolling interests ( 40 6 ) ( 40 6 )

Net transfers to Parent ( 286 610 ) ( 286 610 )

Balance as of September 27, 2025 $ $ $ 10,147 $ $ ( 227 ) $ 97 $ 10,017

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Net income 726 11 737

Net transfers from (to) Parent 2,960 ( 579 ) 2,381

Issuance of common stock in connection with Spin-off and reclassification of Net Parent investment 316.9 3 2,527 ( 2,530 )

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and 296 more changes in the filing

Controls and procedures 3 changes

Prior to June 29, 2026, we relied on certain material processes and internal controls over financial reporting performed by Honeywell. As a result of the Spin-off from Honeywell on June 29, 2026, we are in the process of reviewing, revising, and adopting policies and controls, as needed, to meet all regulatory requirements applicable to us as an independent, publicly traded company. In addition, in connection with the Spin-off, we entered into a Transition Services Agreement with Honeywell, pursuant to which Honeywell will continue to provide certain information technology, administrative, and other services on a transitional basis.

Aerospace s Our management, including the Chief Executive Officer ( CEO ) and Chief Financial Officer ( CFO ), conducted an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the Exchange Act )) as of the end of the period covered by this Quarterly Report on Form 10-Q. Based upon that evaluation, our CEO and CFO concluded that, as of the end of the period covered by this Quarterly Report on Form 10-Q, such disclosure controls and procedures were effective to ensure information required to be disclosed in the reports that Aerospace files we file or submits submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms, and that it is accumulated and communicated to our management, including our CEO, our CFO, and our Controller and Chief Accounting Officer, as appropriate, to allow timely decisions regarding required disclosure. There were no changes that materially affected, or are reasonably likely to materially affect, Aerospace s our internal control over financial reporting that occurred during the period covered by this Quarterly Report on Form 10-Q.

Since our Spin-off from Honeywell on June 29, 2026, we have substantially completed the design and implementation of our internal controls over financial reporting. We will continue to test our internal controls over financial reporting and may from time to time make changes aimed at enhancing their effectiveness and to ensure that our controls and systems meet our needs as an independent, publicly traded company.

Legal proceedings 1 change

We are subject to a number of lawsuits, investigations, and disputes (some of which involve substantial amounts claimed) arising from the conduct of our business. We recognize a liability for any contingency that is probable of occurrence and reasonably estimable. We continually assess the likelihood of adverse judgments or outcomes in these matters, as well as potential ranges of possible losses (taking into consideration any insurance recoveries), based on careful analysis of each matter, and if appropriate, with the assistance of outside legal counsel and other experts. Refer to Note 15. 1 6 . Commitments and Contingencies of the Notes to the Condensed Combined Consolidated Financial Statements for additional information on our commitments and contingencies.

Unregistered sales of stock 11 changes

On July 23, 2026, our Board of Directors authorized a share repurchase program under which we may repurchase up to $3.5 billion of our outstanding common stock. The share repurchase authorization does not have an expiration date and may be modified, suspended, or discontinued by our Board of Directors at any time without prior notice.

Repurchases may be made through a variety of methods, which could include open market purchases, accelerated share repurchase transactions, negotiated block transactions, 10b5-1 plans, other transactions that may be structured through investment banking institutions or privately negotiated, or a combination of the foregoing. We presently expect to repurchase outstanding shares from time to time (i) to offset the dilutive impact of employee stock-based compensation plans, including option exercises, restricted stock unit vesting, and matching contributions under our savings plans, and (ii) to reduce share count via share repurchases as and when attractive opportunities arise. The amount and timing of future repurchases may vary depending on market conditions and the level of operating, financing, and other investing activities. No shares were repurchased pursuant to the share repurchase authorization during the three months ended September 26, 2026.

The following table summarizes our purchases of Honeywell Aerospace s common stock for the three months ended September 26, 2026:

Issuer Purchases of Equity Securities

Period Total Number of Shares Purchased 1

Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under Our Share Repurchase Authorization (Dollars in Millions)

June 28, 2026 - July 25, 2026 4,671 $ 234.20 $ 3,500

July 26, 2026 - August 22, 2026 35,301 206.87 3,500

August 23, 2026 - September 26, 2026 356 157.91 3,500

Total 40,328 $ 207.43 $ 3,500

1. All shares reported in the table above were acquired in connection with employee equity award transactions, including shares withheld to satisfy statutory withholding tax obligations upon vesting of share-based awards.

Other information 1 change

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During the three months ended June 27, September 26, 2026, none of our officers or directors adopted , terminated , or modified a "Rule 10b5-1 trading arrangement," or adopted, terminated, or modified any "non-Rule 10b5-1 trading arrangement" (each as defined in Item 408 of Regulation S-K).

Exhibits 27 changes

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Indenture, dated as of March 16, 2026, between Honeywell Aerospace Inc. and Deutsche Bank Trust Company Americas, as trustee (incorporated by reference to Exhibit 4.1 to Amendment No. 1 to the Company s Registration Statement on Form 10-12B/A filed on May 14, 2026)

First Supplemental Indenture, dated as of March 16, 2026, between Honeywell Aerospace Inc. and Deutsche Bank Trust Company Americas, as trustee (incorporated by reference to Exhibit 4. 2 to Amendment No. 1 to the Company s Registration Statement on Form 10-12B/A filed on May 14, 2026)

Registration Rights Agreement, dated as of March 16, 2026, among Honeywell Aerospace Inc., and Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, as representatives of the initial purchasers (incorporated by reference to Exhibit 4.4 to Amendment No. 1 to the Company s Registration Statement on Form 10-12B/A filed on May 14, 2026)

364-Day Credit Agreement, dated as of March 6, 2026, among Honeywell Aerospace Inc., the banks, financial institutions and other institutional lenders parties thereto, Bank of America, N.A., as administrative agent, and Goldman Sachs Bank USA and Morgan Stanley Senior Funding, Inc., as syndication agents (incorporated by reference to Exhibit 4. 5 to Amendment No. 1 to the Company s Registration Statement on Form 10-12B/A filed on May 14, 2026)

Five-Year Credit Agreement, dated as of March 6, 2026, among Honeywell Aerospace Inc., the banks, financial institutions and other institutional lenders parties thereto, Bank of America, N.A., as administrative agent, and Goldman Sachs Bank USA and Morgan Stanley Senior Funding, Inc., as syndication agents (incorporated by reference to Exhibit 4. 6 to Amendment No. 1 to the Company s Registration Statement on Form 10-12B/A filed on May 14, 2026)

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Trademark License Agreement, dated June 25, 2026, by and between Honeywell International Inc., Honeywell Aerospace IP Holdings Inc. and Honeywell Aerospace Inc. (incorporated by reference to Exhibit 10.5 of the Company s Current Report on Form 8-K filed on June 29, 2026)

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Offer Letter for James Currier (incorporated by reference to Exhibit 10.8 to the Company s Registration Statement on Form 10-12B filed on Ma rch 3 , 2026)

Offer Letter for Joshua Jepsen (incorporated by reference to Exhibit 10. 9 to the Company s Registration Statement on Form 10-12B filed on March 3, 2026)

Offer Letter for Robert Buddecke (incorporated by reference to Exhibit 10. 10 to the Company s Registration Statement on Form 10-12B filed on March 3, 2026)

Offer Letter for David Marinick (incorporated by reference to Exhibit 10.11 to the Company s Registration Statement on Form 10-12B filed on March 3, 2026)

Offer Letter for Richard DeGraff (incorporated by reference to Exhibit 10.12 to the Company s Registration Statement on Form 10-12B filed on March 3, 2026)

Offer Letter for John Donofrio (incorporated by reference to Exhibit 10.13 to the Company s Registration Statement on Form 10-12B filed on March 3, 2026)

Offer Letter for Karen Arlak (incorporated by reference to Exhibit 10.1 4 to the Company s Registration Statement on Form 10-12B filed on March 3, 2026)

Honeywell Aerospace Incentive Compensation Plan for Executive Employees (filed herewith)

Honeywell Aerospace Excess Benefit and Supplemental Savings Plan (filed herewith)

Honeywell Aerospace Deferred Incentive Compensation Plan (filed herewith)

Honeywell Aerospace Supplemental Pension Plan (filed herewith)

Honeywell Aerospace Incentive Compensation Plan for Executive Employees (incorporated by reference to Exhibit 10.18 of the Company's Quarterly Report on Form 10-Q filed on August 5, 2026)

Honeywell Aerospace Excess Benefit and Supplemental Savings Plan (incorporated by reference to Exhibit 10.19 of the Company's Quarterly Report on Form 10-Q filed on August 5, 2026)

Honeywell Aerospace Deferred Incentive Compensation Plan (incorporated by reference to Exhibit 10. 20 of the Company's Quarterly report on Form 10-Q filed on August 5, 2026)

Honeywell Aerospace Supplemental Pension Plan (incorporated by reference to Exhibit 10.21 of the Company's Quarterly Report on Form 10-Q filed on August 5, 2026)

Form of US Officer Restricted Stock Unit Award Agreement under the 2026 Stock Incentive Plan of Honeywell Aerospace Inc. and its Affiliates (filed herewith)

Form of US Officer Option Award Agreement under the 2026 Stock Incentive Plan of Honeywell Aerospace Inc. and its Affiliates (filed herewith)

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* Management contract or any compensatory plan, contract, or arrangement.

* Management contract or compensatory arrangement.

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Date: August 5, 2026

Date: October 28, 2026

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